Looking to diversify beyond PFL.TO? The ETFs below have the lowest correlation with PFL.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PFL.TO.
Best Diversifiers for PFL.TO
23 ETFs have low correlation with PFL.TO (below 0.3), 6 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Cash Management ETF | -0.08 | — | — | 99 | Ultrashort Bond | PFL.TO vs TCSH.TO | |
| Invesco ESG NASDAQ 100 Index ETF | -0.08 | -0.01 | — | 61 | Nasdaq-100 | PFL.TO vs QQCE.TO | |
| Invesco S&P/TSX Composite ESG Index ETF | -0.05 | 0.01 | 0.02 | 90 | Canada Equities, ESG | PFL.TO vs ESGC.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | -0.04 | -0.03 | 0.01 | 57 | Nasdaq-100 | PFL.TO vs QQC.TO | |
| Invesco NASDAQ 100 Income Advantage ETF | -0.04 | 0.01 | 0.01 | 73 | Nasdaq-100, Derivative Income, Options Trading, Actively Managed | PFL.TO vs QQCI.TO |
See all 23 diversifiers for PFL.TO
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Diversification Analysis
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